Assessment order allowing deduction without examining the same is erroneous

Assessment order allowing deduction without examining the same is erroneous and CIT can exercise power U/s. 263 IN THE ITAT CHENNAI BENCH ‘C’ Cairn Energy India (P.) Ltd. versus Director of Income-tax (International Taxation) IT APPEAL NO. 714 (MDS.) OF 2009 [Assessment year 2004-05] DECEMBER 20, 2012 ORDER Abraham P. George, Accountant Member In this appeal filed by the assessee, it challenges an order dated 12.3.2009 passed by Director of Income-Tax (International Taxation), Chennai, under Section 263 of Income-tax Act, 1961 (in short ‘the Act’) inter...